Monthly Archives: <span>March 2012</span>

Alabama Weather Alerts

Alabama residents can sign up for a free system that will send severe weather alerts through email, phone calls and text messaging. The system was introduced Gov. Robert Bentley and other leaders. It was developed by Baron Services Inc., an …

Travelers Wins Reversal in $500M Asbestos Case

Travelers Cos. has won the reversal of a court order directing it to pay more than $500 million to satisfy asbestos-related claims stemming from its coverage of policyholder Johns-Manville Corp. In the latest ruling in a case dating back to …

2012 Hot Markets: New Hope in Housing Market

This article is part of our Hot Insurance Markets for 2012 special feature. 2012 is delivering a sense of growing optimism for the housing industry – a welcomed relief to a market that has been troubled in recent years. Housing …

Say Something Nice About Florida P/C Insurance

There is plenty of negativity about the Florida property/casualty insurance market in the press, living rooms, boardrooms and barrooms across the state-and even among many people outside the state with an interest. The talk is about troubles with property insurance …

Commercial Lines Prices Up for 4th Straight Quarter: Survey

Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price increases are beginning to offset portions of reported claim cost …

Declarations

Shell Suit “Shell probably would not have filed this case if they did not have real fear about whether the spill plan would survive legal scrutiny.” —Attorney Brendan Cummings of the Center for Biological Diversity said a pre-emptive lawsuit by …

Insurance Claims from Recent Tornadoes May Top $1B

March came in like a very large and powerful lion, spawning severe weather across the Midwest, South and southeastern United States. Insured losses from the tornadoes, hail and high winds that struck in late February and early March likely will …

Declarations

Watched It Coming “We stood in the parking lot and watched it coming. By the time it hit, it was like a whiteout.” —David Ison on the March tornadoes that left no building untouched in his small town of West …

BP Medical Claims

The $7.8 billion settlement that BP is hammering out with victims of the massive Gulf oil spill provides a system for monitoring health concerns and compensating people whose illnesses are found to have a link to the disaster. Government and …

La Niña to Fade but South Should Expect Dry Conditions

The La Niña weather pattern blamed for a devastating drought in Texas and a bad dry spell in South America should be gone by the end of April, but its impact will persist in large swaths of the southern United …